Increasing material handling demand, especially in manufacturing units and other facilities will fuel the aerial work platform truck market size. Growing construction and installations of solar, wind and other energy projects will further contribute to revenue growth in the coming years.

Government policies and mandates such as emission control regulations has resulted in emphasizing on manufacturing and installation of hybrid-electric and all-electric aerial lifts. Hybrid engines are required to abide by ANSI (American National Standards Institute) standards during production. Moreover, the manufacturers are focused on developing solutions for low carbon emissions owing to growing demand for increasing efficiency. Lack of machine specific training, safety considerations and high initial capital requirement for procurement along with trained professionals will challenge industry growth.

Transport & logistics will account for more than 20% of the aerial work platform truck market share by 2024. This can be credited to rising infrastructure construction and procurement of bulk maintenance projects.

Government sector is expected to grow at over 17.5% over the next few years. Growth of military and government in utility business and service industry along with adoption of rental equipment will support industry demand over the forecast timeframe.

Aerial work platform (AWP) truck market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2024, for the following segments:

Aerial Work Platform (AWP) Truck Market by product

Boom Lifts

Scissor Lifts

Vertical Mast Lift

Personnel Portable Lift

Aerial Work Platform (AWP) Truck Market by application

Construction

Telecommunication

Transport & Logistics

Government

The above information is provided on a regional basis for the following: